{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/66048c24f9e7460017e0cb14/6a88884ea89d26398ef84d5e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"118 - $11 Million Lost In A Single Quarter. On Shrimp","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/66048c24f9e7460017e0cb14/1787332452869-4565e594-cc9d-4a76-aee5-49a05ee37bd2.jpeg?height=200","description":"<p>We go back to 1901 where JP Morgan buys Carnegie Steel for $480 million without spending a penny of his own money and creates the world's first billion dollar company. Then to the 60s, where a cockroach extermination company gets killed by a corporate cockroach. Then to Red Lobster, where a private equity firm sells the land under every restaurant for $1.5 billion, charges them rent on their own buildings, and forces them into a $20 bottomless shrimp deal that loses $11 million in a single quarter. The papers said competitive eaters killed it. They didn't.</p><p><br></p><p>Also: why there are no crazy inventors anymore, why Bluetooth is still rubbish in 2026, dentists as the new big pharma, French mustard crisps, and the Creature of Kelham</p><p><br></p><p><em>The Depressed CEO Podcast — new episodes every week.</em></p><p><br></p><p>-------------</p><p><br></p><p>Thanks for listening make sure you follow us on our socials. Sign up to our Patreon where members get an exclusive extra monthly episode plus bonus content.</p><p><br></p><p>-------------</p><p><br></p><p>Patreon:</p><p>https://www.patreon.com/depressedceospodcast</p>","author_name":"Jimmy May & David Vaughan"}